Media: News Releases > Fannie Mae Announces 3.5 Percent Buyer Assistance on

Media: News Releases > Fannie Mae Announces 3.5 Percent Buyer Assistance on: "Washington, DC — Fannie Mae announced today that people purchasing a Fannie Mae-owned HomePath property will receive up to 3.5 percent in closing cost assistance. The initial offer must be submitted on or after April 11, 2011; and the sale must close on or before June 30, 2011 to be eligible for the incentive. Additionally, buyers must reside in the home as their primary residence (sales to investors are excluded)."

For Good or For Bad: Further Foreclosure Delays Likely to be Caused by California Senate Bill 729 | ForeclosureTruth

For Good or For Bad: Further Foreclosure Delays Likely to be Caused by California Senate Bill 729 | ForeclosureTruth: "California Senate Bill 729 would require that lenders evaluate a timely loan modification request and provide the homeowner with a clear denial before beginning the foreclosure process with the Notice of Default. This is intended to stop the lender from double tracking the loan modification process with the foreclosure process, which has been said to sometimes result in a premature foreclosure on an otherwise qualified loan modification candidate. Stopping a premature foreclosure sale is good thing, but let’s not forget that there may be times when a denied loan modification is also a good thing."